No short-term economic impact for Mexico under new trade agreement: HR Ratings

Dairy farmers say new trade agreement with U.S. has ‘sold them out’

As Trade Representative Robert Lighthizer called the new pact with Canada and Mexico a "paradigm-shifting model", USA trade partners are now bracing for contentious talks.

Once USMCA is ratified, Canada, Mexico and especially the USA will all be regaining their market share in manufacturing by producing more automobiles and other goods, thanks to rules of origin that promote manufacturing within North America.

A spokesman for Foreign Affairs Minister Chrystia Freeland repeated the government's view that nothing in the new trade agreement would prevent Canada from deepening its trade ties with other countries.

Despite that, Canada did well, McKenna said, and the deal to replace NAFTA is good for New Brunswick because it protects market access and a dispute resolution process.

Jay Gordon, Policy Director for the Washington State Dairy Federation (WSDF) told Lens the trade deal would remove uncertainty for dairy farmers when it comes to the price of their products.

You could say it's a glass half full situation for USA farmers. In May, a pound of bagged milk could cost one dollar but might be $1.25 per pound a month or two later.

While Nelson said this agreement won't solve all the problems plaguing the dairy industry, it's a start. However, the change was noted as "a dark day" for dairy farmers, according to Alberta Milk, a group representing the province's 516 dairy producers, according to 2017 statistics.

"It built an assurance that Canadian powdered milk would be the cheapest on the world market", he said, adding that this action distorted an otherwise cheap product.

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"The dairy industry has definitely struggled", said James Newby, a partner at Newby Farms in Athens.

Trump signed an executive order in September authorizing sanctions against those found to be involved in election interference, but USA officials have said repeatedly they have not seen almost the same level of activity by Russian Federation and others in the midterms as in 2016. Currently, the US has access to 3.2 percent of the Canadian dairy market, and USMCA would increase access to 3.6 percent. "The agreement is an important step in our trade policy and I will continue to review the details of the agreement and reach out to the business community of Alabama to get a full picture of the USMCA's potential impacts". The addition of Mexico in 1994 broadened the scope of the deal in a logical way, and protected Canada against the risk of a bilateral agreement between the United States and Mexico. Recently, as milk production in Canada has grown, it created the Class 7 pricing system to dump surplus milk proteins onto global markets, in direct competition with exports from the United States and other nations.

Darigold President and CEO Stan Ryan said in a statement that the new agreement would preserve and expand the partnership with Mexico while also enhancing access to the Canadian market. "They do not want me, or us, to win because I am the first president ever to challenge China on trade".

Ken Neumann, national director of United Steelworkers, discusses why the union feels betrayed by Ottawa's inability to tackle USA metal tariffs that still remain despite the negotiation of a revamped NAFTA.

"The dairy aspects of USMCA were some of the most fiercely contested and divisive issues".

Every time there is a trade deal, "we've lost", Groenendijk said.

China's Defense Ministry said a Chinese naval ship had been sent to warn the USA vessel to leave and that Beijing had irrefutable sovereignty over the South China Sea islands and the waters around them. "It's a very bright spot".

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